Living in New London, NH

Merrimack County

New London is a real, genuinely picturesque small college town in Merrimack County, New Hampshire's Monadnock/Upper Valley region, home to Colby-Sawyer College and sitting adjacent to Mount Kearsarge, with several small lakes -- Pleasant Lake and Little Sunapee Lake -- within its own town boundaries. Its population ran approximately 4,644 as of a 2024 ACS estimate, modestly up from 4,417 at the 2020 Census. New London's own housing runs genuinely elevated: a median home price of approximately $615,000 as of 2026 sources, well above both the national median and New Hampshire's own already-high statewide figure, reflecting real, genuine second-home and retirement demand in a scenic setting. New Hampshire's real, defining tax tradeoff applies fully here: no broad-based income tax and no general sales tax, paired with a statewide property tax burden among the highest in the nation (approximately 1.93% effective, per new-hampshire.js) -- a confirmed, New London-specific mill rate was not found with confidence this pass, so confirm the current figure directly. New London's local economy centers on Colby-Sawyer College and New London Hospital.

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Housing

Median sale price$615,000

New London's own median home price ran approximately $615,000 as of 2026 sources reviewed -- meaningfully above both the national and New Hampshire statewide medians.

Taxes

Local effective property tax rate1.93%

Not independently sourced at the Merrimack County level this session. New Hampshire carries no income tax statewide. See the New Hampshire hub page for the statewide property tax context -- do not treat that figure as New London-specific.

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The tradeoffs

Pros

A real, genuinely picturesque small-college-town setting near Mount Kearsarge and several small lakes; New Hampshire's real no-income-tax, no-sales-tax structure; a real, favorable statewide homeowners-insurance and low-hazard profile; Colby-Sawyer College and New London Hospital as real, local institutional anchors.

Cons

A genuinely elevated median home price (approximately $615,000) well above both national and New Hampshire statewide figures; New Hampshire's real, statewide-high property tax burden, with New London's own specific mill rate not confirmed with confidence this pass; a limited, small-town job market beyond the college and hospital; and real, disclosed New England winter-storm exposure.

Who this fits

Best for: Best fits movers prioritizing a scenic, small-college-town setting with mountain and lake access, comfortable with genuinely elevated home prices and New Hampshire's real property-tax burden in exchange for no state income tax.

Maybe not for you if: Probably not the right fit for movers needing genuinely affordable housing or a large, diversified local job market -- New London's own home prices run well above both national and New Hampshire statewide medians, and its job market centers narrowly on the college, hospital, and tourism/second-home economy.

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Last reviewed: 2026-08-28. Independent research; see individual metric entries above for source attribution. This is not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.